When Using the Direct Method,how Is the Sale of Long-Term

question 92

Multiple Choice

When using the direct method,how is the sale of long-term investments for cash reported on the statement of cash flows?

• A)As an operating activity
• B)As an investing activity
• C)As a financing activity
• D)As a noncash investing and financing activity

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Definitions:

Counterinsurgency

Military or political action taken against the activities of guerrillas or revolutionaries within a country.

Foreign Policy

A government's strategy in dealing with other nations, including diplomacy, military actions, trade agreements, and efforts to promote national interests abroad.

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Violent conflicts that arise from racial tensions and discrimination, often involving clashes between racial or ethnic groups and sometimes with law enforcement.